J.Crew's 'crown jewel' Madewell files for an IPO

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J.Crew's 'crown jewel' Madewell files for an IPO
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Madewell filed to go public on Friday, a process that would split the company from its sister brand J. Crew.

Madewell filed to go public on Friday, a process that would split the company from its sister brand, J.Crew. CEO Libby Wadle said in a filing with the SEC that Madewell will focus on"driving outsized growth in e-commerce, expanding our product range and further developing our membership program." The IPO could garner a substantial valuation, which would assist J. Crew in paying off its more than $1.7 billion in debt, according to Moody's analyst Raya Sokolyanska.

Madewell filed to go public on Friday, a process that would split the company from its sister brand, J.Crew. CEO Libby Wadle said in a filing with the SEC that Madewell will focus on"driving outsized growth in e-commerce, expanding our product range and further developing our membership program." The IPO could garner a substantial valuation, which would assist J. Crew in paying off its more than $1.7 billion in debt, according to Moody's analyst Raya Sokolyanska.

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